1. He's a kid. Try maybe mentoring him instead. He's inexperienced with everything. You weren't any different at 14. If he listens you helped a kid and he'll do things better. If not be will get frustrated and leave the market. Either way good is accomplished. Don't tear him down too much mate. He's a kid.
2. You claim that you shouldn't be in it for the money yet you're complaining about the financial aspect of it. I'm really confused.
3. There's no shame in wanting to make a profit for your work. There's actually a lot RIGHT with it. Don't be ashamed of making money and turning a profit. You should.

Just a few thoughts that came to mind. They weren't meant to be confrontational. I just really think this kid will fade out from the market. If not, he needs a mentor but doesn't have the maturity to seek it out properly.